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MPIC eyes hospital unit IPO in 2019

Metro Pacific Investments Corp. (MPIC) is looking into the possibility of listing its hospital unit Metro Pacific Hospital Holdings Inc. via an initial public offering in 2019.

"We wish to clarify that MPIC is examining whether it might consider the initial public offering of its hospital unit, Metro Pacific Hospital Holdings Inc., by 2019..." it said in a disclosure on Monday.

Metro Pacific Hospital has 13 hospitals under its wing, with eight located in Metro Manila and five in the provinces.

It closed the first half of the year with a core profit of P927 million, up 21 percent from a year earlier.

Parent MPIC posted P7.8 billion in consolidated core net income, up 7 percent from the P7 billion in the same comparable. — Jon Viktor Cabuenas/VDS, GMA News